About $11 billion in BTC options expire Friday; max pain at $78K
Around 136,000 BTC options expire on Deribit Friday. The largest single open-interest position is $95K calls, and max pain is around $78K (CryptoWatchDesk / FinanceFeeds).
But the most actively traded contracts over the past 24 hours were $72K puts expiring in December (CoinDesk).
Retail traders are buying lottery tickets; institutions are buying insurance.
Think about it the other way around: after the FOMC decision, if BTC’s daily close fails to reclaim $81K, it’s more likely to gravitate toward $78K before expiry. If it holds above $81K, this view is invalidated.
#FOMC #BTC $BTC
Around 136,000 BTC options expire on Deribit Friday. The largest single open-interest position is $95K calls, and max pain is around $78K (CryptoWatchDesk / FinanceFeeds).
But the most actively traded contracts over the past 24 hours were $72K puts expiring in December (CoinDesk).
Retail traders are buying lottery tickets; institutions are buying insurance.
Think about it the other way around: after the FOMC decision, if BTC’s daily close fails to reclaim $81K, it’s more likely to gravitate toward $78K before expiry. If it holds above $81K, this view is invalidated.
#FOMC #BTC $BTC
